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Tuesday, April 1, 2014

More Proof That Sector Matters for Stock Gains

In the stock market, as in life, it's better to be lucky than right.
One of the biggest frustrations and misunderstandings by investors is
the belief that a stock moves based solely on the direct results of the
individual company. In reality, a lot of stock gains are based on the
sector, and Weatherford International (NYSE: WFT) probably proves that theory better than any large-cap stock.

Weatherford is one of the largest oilfield services firms in the
world. The company has constantly struggled with accounting issues,
contract overruns, and just plain bad management. The stock, though,
currently sits at near two-year highs despite all the internal drama.